Bearish Moving Average Cross by Charles Schwab (SCHW)
Today, shares of Charles Schwab (NASDAQ:SCHW) have fallen below their 10-day MA of $30.17 on a volume of 3.5 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, shares of Charles Schwab have traded between a low of $21.51 and a high of $35.72 and are now at $29.07, which is 35% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 1.1%.
SmarTrend is monitoring the recent change of momentum in Charles Schwab. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Charles Schwab in search of a potential trend change.
Keywords: moving crosses Charles Schwab